Multinationals, R&D and productivity: Evidence for UK Manufacturing firms
Dolores Añon Higon (),
Miguel Manjon Antolin () and
Juan A. Mañez
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Dolores Añon Higon: ERI-CES
No 1110, Discussion Papers in Economic Behaviour from University of Valencia, ERI-CES
In this study we analyze multinationality (domestic-based firms vs. multinationals) and foreignness (foreign vs. domestic firms) effects in the returns of R&D to productivity. We follow a two-step strategy. In the first step, we consistently estimate firm’s productivity by GMM and numerically compute the sample distribution of the R&D returns. In the second step, we use stochastic dominance techniques to make inferences on the multinationality and foreignness effects. Results for a panel of UK manufacturing firms suggest that multinationality and foreignness effects operate in an opposite way: whilst the multinationality effect enhances R&D returns, the foreignness diminishes them.
Keywords: multinationals; foreignness; R&D; productivity (search for similar items in EconPapers)
JEL-codes: C14 D24 F23 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-bec, nep-cse, nep-eff, nep-eur, nep-ino and nep-tid
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Journal Article: Multinationals, R&D, and productivity: evidence for UK manufacturing firms (2011)
Working Paper: Multinationals, R&D and productivity: Evidence for UK Manufactoring firms (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:dbe:wpaper:1110
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